The George Bush and Bill Clinton failures on Oil dependence is coming home to roost. Hey Hillary Clinton, will you take responsibility for dropping that ball - as part of your 35 years of experience? Gas costs are now going though the roof, and there’s no going back. Oil is at a record high, about $110 a barrel.
The costs of all food, goods and services are about to skyrocket, while China and India gobble up more oil than ever expected - the economic meltdown is coming.
Some call it “Peak Oil”.
Imagine the added cost of Gov. Perry's and Sen. Watson's overinflated tolls added to our freeways, so their special interest pals can continue to profit, while our famalies keep paying more.
From the Washington Post:
“...."We're hurting in this thing, and it doesn't look like there's any end of it," said Ralph Bombardiere, executive director of the New York State Association of Service Stations and Repair Shops. "It looks like it's heading to $4" a gallon.
Bombardiere, who said members of his group of small service stations were having trouble raising pump prices fast enough to keep up with rising wholesale costs, added: "As the price goes up, it becomes a concern for us. We're the last line. We're the guys you face."
An opinion poll conducted in early February by the Pew Research Center for the People and the Press showed that 35 percent of Americans named the rising price of gasoline as the economic issue that worried them most. In the same poll, 60 percent of those surveyed said it was "difficult" for their families to afford gasoline. Since the poll was completed, retail gasoline prices have risen 24.7 cents a gallon.
The prices of other petroleum products are also soaring. Diesel fuel, usually cheaper than gasoline, is now more expensive. The Energy Department's Energy Information Administration said the average U.S. price of diesel was $3.819 a gallon in the week ending yesterday, up 53.9 cents in just four weeks. Heating-oil prices are also at all-time highs, up more than a dollar a gallon over the past year.”